2021 GEL to MNT Historical Review

YEARLY HIGH

932.2597 MNT

YEARLY LOW

823.9382 MNT

YEARLY AVERAGE

887.4240 MNT

2021 GEL to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 932.2597. Conversely, the yearly low was recorded on May 2, dropping to 823.9382.

This high-to-low spread represents a total annual volatility of 108.3215 MNT. From a start-to-finish perspective, comparing the January average rate of 864.0917 to the December average rate of 923.0442, the exchange rate registered a net change of 6.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 932.2597 was down 5.84% compared to the 2020 peak of 990.1031, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 4,661,299 MNT

2020 Average 4,519,100 MNT

Yearly Trough Low 4,119,691 MNT

Transaction Impact: A difference of 541,607.55 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

932.3032

821.1952

JanuMarcMayJulySeptNove

GEL to MNT Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 859.7398, compared to 915.1081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 55.3683 points.

H1 Avg (Jan–Jun) 859.7398

H2 Avg (Jul–Dec) 915.1081

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 50.5883 MNT (High: 874.5265 / Low: 823.9382). On the other end, September was the most stable month, with a tight range of 3.3726 MNT (High: 916.3108 / Low: 912.9382).

May Spread (Volatile) ±50.5883

September Spread (Stable) ±3.3726

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 24.1959 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -24.1959

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 923.0442) against the same month in 2020 (average: 866.0978), the exchange rate shifted by +56.9463 (+6.58%).

2021 Avg (December) 923.0442

2020 Avg (December) 866.0978

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	870.2184	858.3351	864.0917
February	865.9608	855.5047	860.9451
March	858.7608	837.1500	854.6501
April	839.1854	823.9382	830.4542
May	874.5265	823.9382	845.4076
June	918.1825	874.5265	902.8900
July	926.9746	899.6380	913.0052
August	927.1332	912.9542	919.7901
September	916.3108	912.9382	914.3708
October	915.4546	905.2556	909.7210
November	922.3132	901.1034	910.7173
December	932.2597	913.4590	923.0442